India Waived ₹2,700 Crore in CAFE-2 Penalties: Pragmatic Reset or Credibility Problem?
The Centre has reportedly waived roughly ₹2,700 crore in penalties levied on passenger vehicle manufacturers for missing fuel-efficiency targets under CAFE-2, and the automotive industry has treated it as a significant financial reprieve. But the more consequential question isn’t the money — it’s what the waiver does to the credibility of a regulation designed to … Read more